Yakira Capital Management Inc. Purchases Shares of 94,588 RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. $OPP

Yakira Capital Management Inc. purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 94,588 shares of the company’s stock, valued at approximately $752,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the company’s stock valued at $30,000 after purchasing an additional 3,180 shares in the last quarter. Advisory Services Network LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter valued at $38,000. Bank of America Corp DE boosted its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 198.7% during the 3rd quarter. Bank of America Corp DE now owns 4,681 shares of the company’s stock valued at $40,000 after purchasing an additional 3,114 shares in the last quarter. Global Retirement Partners LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter valued at $45,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter valued at $88,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Up 0.3%

Shares of NYSE OPP opened at $7.64 on Monday. The stock has a fifty day moving average price of $7.72 and a two-hundred day moving average price of $7.80. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 1 year low of $7.49 and a 1 year high of $8.82.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.091 per share. This represents a c) dividend on an annualized basis and a yield of 14.3%. The ex-dividend date of this dividend is Monday, June 15th.

About RiverNorth/DoubleLine Strategic Opportunity Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.